ECONOMIC PERFORMANCE
No. 1 city with the best investment potential
Singapore now outranks the world as an investment destination, after coming in second for 16 consecutive years.
In its BERI Report 2014-I (April 2014), US-based research institute Business Environment Risk Intelligence (BERI) ranked Singapore first out of 50 major investment destinations in a ranking that assesses operations, politics and foreign exchange. With no restrictions on the repatriation of profits and the import of capital, along with the most favourable operating conditions and strong diplomatic ties, Singapore’s stable political and economic climate creates an ideal environment to invest in.
Big corporations like Singapore's ease of business
Why is Singapore the most desirable country for expansion?
Top 3 in the world for foreign trade and investment
The nation’s standing in the economic world, ideal geographic location and vibrant lifestyle are among reasons for foreign interest in Singapore.
According to the Globalisation Index 2012, Singapore came in after Hong Kong and Ireland as the country preferred for foreign trade and investment. A number of factors have contributed to this achievement, namely the country’s strategic geographic location, connected networks with the rest of the world, strong legal system and attractive tax system.
COMPETITIVENESS AND BUSINESS ENVIRONMENT
The world’s easiest place to do business
The ease of setting up a company in Singapore is a clear advantage when it comes to choosing the best place to do business.
Top 2 most competitive city in the world
Singapore leads the pack among the rest of the global economies when it comes to maintaining its competitive edge.
According to the Global Competitiveness Report 2014 – 2015 by the World Economic Forum, Singapore is the best in Asia in terms of lack of corruption and high government efficiency. It is also recognised for the strength of its goods and labour markets; leading globally in terms of financial market development. The country’s competitiveness is further reinforced by world-class infrastructure with excellent transportation facilities and a strong focus on education that provides personnel with the skills needed for a rapidly changing global economy.
Best business environment in Asia Pacific and the world
Singapore has the most conducive environment for business as compared to the rest of its neighbours – and the world.
Asia’s most network-ready country
Singapore enjoys the most seamless connectivity in Asia with one of the widest telecommunications networks in the world.
Based on the The Global Information Technology Report 2014 as conducted by the World Economic Forum, Singapore has the best network-ready environment in Asia in terms of market, political and regulatory infrastructure for connectivity. There are also high levels of individual, business and government readiness and usage of technology; making the country the most conducive place for business as compared to the rest of the region.
Asia’s No.1 for best logistics supply chain performance
Singapore is the top in Asia for logistics performance.
Based on a worldwide survey of global freight forwarders and express carriers, the Logistics Performance Index is a benchmarking tool developed by the World Bank that measures performance along the logistics supply chain within a country. Allowing for comparisons across 160 countries, the index can help countries identify challenges and opportunities and improve their logistics performance. The World Bank conducts the survey every two years.
The international LPI analyzes countries in six components:
- The efficiency of customs and border clearance (“Customs”).
- The quality of trade and transport infrastructure (“Infrastructure”).
- The ease of arranging competitively priced shipments (“Ease of arranging shipments”).
- The competence and quality of logistics services—trucking, forwarding, and customs brokerage (“Quality of logistics services”).
- The ability to track and trace consignments (“Tracking and tracing”).
- The frequency with which shipments reach consignees within scheduled or expected delivery times (“Timeliness”).
GOVERNMENT
Top 3 in the world for least corruption in the economy
Most transparent country in Asia
EXPATRIATE LIVING
Asia’s best country to work in
As voted by its labour force, Singapore is the best country to earn a living in Asia.
Based on the Global Competitiveness Report 2011 – 2012 by the World Economic Forum, besides the city’s standard of living, Singapore’s working conditions are the best in the region as employees are deemed to be better taken care of due to effective labour policies and a general employer mind-set that allows for employees to enjoy a balance in life.
Top 2 in Asia for best quality of life
Singapore has been ranked the 2nd place to live, work and play as compared to its neighbouring countries.
Based on the Quality of Living Worldwide City Rankings in the Mercer Survey 2014, Singapore has the 2nd best environment, facilities and infrastructure available for citizens to enjoy a good quality of life due to a stable political climate, world-class transportation and healthcare system as well as entertainment variety.
Business-centric immigration laws for foreign talent
Singapore’s convenient geographic location has made it an ideal hub for foreign talent.
According to the IMD World Competitiveness Yearbook in 2011, Singapore has a relatively open labour policy that is business-centric and foreign talent-friendly.
